Tesla has been hit with an enforcement action by California’s Department of Insurance (CDI) for routinely denying or delaying customer claims despite years of warnings from the state regulator.Tesla launched its in-house insurance product in 2019. The idea was to offer cheaper premiums and faster service. But it got off to a rocky start. The website repeatedly crashed, and when it didn’t, it offered quotes that were far higher than owners expected. Still, Musk promised it would be a “revolutionary” product. Will this affect Tesla stocks ?
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